CLO Debt & Equity Trading Assistant
Octagon Credit Investors - new york city, NY
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Employer Summary:Octagon Credit Investors, LLC is a 25+ year old, $34+B investment adviser focused on leveraged loan, high yield bond, and structured credit (CLO Debt & Equity) investments. Through fundamental credit analysis and active portfolio management, Octagon's investment team identifies attractive relative value opportunities across below-investment grade asset classes, sectors, and issuers. Octagon's investment philosophy and methodology encourage and rely upon dynamic internal communication to manage portfolio risk. Over its history, the firm has applied a disciplined, repeatable, and scalable approach in its effort to generate attractive risk-adjusted returns for its investors.The firm was founded in 1994 as a separate business unit of Chemical Bank and in 1999, Octagon spun out from Chase Manhattan Bank. Octagon honors its heritage through its company name and logo, both of which are derived from Chase Manhattan's emblem. Located in New York, the firm currently comprises approximately 90 employees, many of whom have spent their entire professional careers at Octagon.Octagon believes that providing a challenging and rewarding career, combined with a supportive work environment, incents employees to remain at the firm. Significant employee ownership and low employee turnover also underscore our culture of partnership, teamwork, and dedication to preserving investor capital across all our fundsaccounts under management. We also embrace the principles of diversity, equity, and inclusion; our employees can bring the best version of themselves to work every day. We thrive in an environment where everyone's voice is heard, every idea counts, and the differences of our employees are valued.Position Summary: The CLO Debt & Equity Trading Assistant is mainly responsible for supporting the CLO Debt & Equity team in all aspects of the investment trading and monitoring process as well as providing additional support to the broader trading team. We are looking for a professional with up to 2 years of trading assistant or CLO operations experience. The CLO Debt & Equity Trading Assistant will report to a Principal on the CLO Debt & Equity team.Essential Duties and Responsibilities:Assist the CLO Debt & Equity Team, CLO Trader, and Loan Traders in maintenance of trade management systems and trade bookingAssist CLO Debt & Equity team members with approval tracking, month end price testing, and compliance testing in coordination with the Compliance departmentBook daily trades, primarily CLO Debt & Equity, with additional responsibilities supporting LoansBondsETFsOptionsCreate and maintain Indication of Interest spreadsheets for CLO tranche tradesReconcile trade recaps for accuracy against internal trade bookingsSet up New Assets in internal system (Everest)Monitor and notify internal stakeholders of third-party CLO redemptionscallsDaily cash reporting, work closely with Technology and Accounting Teams on cash projections for CLO Debt & Equity accountsMaintain CLO Debt & Equity internal trade blottersAssist Portfolio ManagersTradersCLO Debt & Equity team on ad-hoc requestsAssist Credit Administration and Accounting Teams on trade issue remediation and reconciliationAreas of Knowledge, Skills, and AbilitiesQualifications:Bachelor's degree with 1-2 years of relevant experience in CLOs, syndicated loans, loan products or trading operationsStrong knowledge of the Primary and Secondary CLO andor Loan trading marketExcellent organizational skillsExcellent analytical skills with exemplary attention to detailOutstanding reputation of professional integrity and maturityHighly motivated, proactive team player with a positive attitudeAbility to multi"task, be proactive, work independently, and work effectively under pressure (often under deadlines and changing priorities)Excellent written and oral communication skillsComfortable interacting and building relationships with all teams (including senior management) across the firm and affiliated organizationsAbility to clearly articulate views and supporting dataCompensation and Benefits:Competitive salary and eligibility for year-end performance-based bonusMedical, dental, vision, life, and disability insuranceCommuter benefits401(k) matching programEmployee Assistance Program ("EAP")Professional designation and licensure assistanceFamily support and leaves of absenceContact: Contact: : Howard Barkin, Recruitment ManagerOctagon Credit Investors is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including gender, gender identity, sexual orientation, or pregnancy), marital status, national origin, disability, age, or veteran status.Please note that Octagon does not sponsor work visas or immigration-related employment benefits. We encourage all individual applications; please, no recruiters or agencies.
Created: 2024-09-26